You fill the stop-loss price as 1.00. The “Stop-Loss Price” shown on the page may be only a trigger threshold, not a guaranteed execution price.
Assume the price quickly jumps from 1.02 down to 0.96. With a stop-loss market order, after the stop is triggered, it will sell using the available executable quote at that time—the execution price may be lower than 1.00. With a stop-loss limit order, it will place a limit order at the specified limit price; if the price directly drops below the limit, the order may not be executed and the position remains open. Neither can simultaneously guarantee execution and adherence to the preset price.
Before placing an order, open the order details and verify the trigger conditions, the order type, and the order price after triggering. Clearly state “what order will be sent after triggering.” If you can’t explain it, don’t treat the preset price as the maximum loss line.
Assume the price quickly jumps from 1.02 down to 0.96. With a stop-loss market order, after the stop is triggered, it will sell using the available executable quote at that time—the execution price may be lower than 1.00. With a stop-loss limit order, it will place a limit order at the specified limit price; if the price directly drops below the limit, the order may not be executed and the position remains open. Neither can simultaneously guarantee execution and adherence to the preset price.
Before placing an order, open the order details and verify the trigger conditions, the order type, and the order price after triggering. Clearly state “what order will be sent after triggering.” If you can’t explain it, don’t treat the preset price as the maximum loss line.